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You might want to be more specific. "Millionaire" just means "assets one million dollars or more". You can get there after several years at a decent salary.
by tantalor 6y ago
You might want to be more specific. "Millionaire" just means "assets one million dollars or more". You can get there after several years at a decent salary.
- deleted 6y ago[deleted]
- avmich 6y ago> You can get there after several years at a decent salary. 10 years ago having disposable income - which all goes to savings in this case - on average of $100,000 is hardly decent salary e.g. in Bay Area - single people with such a salary will get rather high tax, and cost of living is significant, while families unavoidably have more costs to cover. In other regions it seems even less attainable, overall. So, unlikely.
- muzani 6y agoI don't think many people in tech get a "decent salary". HN crowd is way above average, and a lot of people here are quite senior.
- giantg2 6y agoExactly. I'm a midlevel dev making less than $100k per year. Even with frugal living and investing, my net assets won't hit $1m until at least 15 years into my career, probably more like 20-25 years now that I have a family.
- deleted 6y ago[deleted]